O F F S H O R E W I N D
|
|
- Christine Mitchell
- 6 years ago
- Views:
Transcription
1 OFFSHORE WIND
2 WATSON FARLEY & WILLIAMS: KEY FACTS 150+ PARTNERS FOUNDED OFFICES 500+ LAWYERS 11 JURISDICTIONS 20+ LANGUAGES SPOKEN
3 OFFSHORE WIND 1 EXPERTS IN OFFSHORE WIND No one knows the offshore wind sector like Watson Farley & Williams. Our lawyers lead the market with specialised experience in headline-grabbing domestic and international projects. Market-leading expertise WFW has a market-leading position in the renewable energy sector. The team has over 100 specialist lawyers across our international offices, all of whom have in-depth experience in renewable energy. We advise on all aspects of the industry, from M&A and private equity transactions, project development and financing to energy trading and dispute resolution. Generally recognised as having one of the leading offshore wind practices, Watson Farley & Williams has equal depth in M&A and finance. This means our clients receive commercially focused advice from lawyers recognised by the industry as leaders in their field as well as market intelligence on the parameters for completing a transaction of this type. We act for clients regarding the buying and selling of companies, portfolios and stakes in projects, including financing the acquisition and/or project. Over the last two years we have advised on offshore wind projects totalling over 3.5 GW in capacity. "THEY ARE INCREDIBLY STRONG IN THE WIND MARKET." CHAMBERS UK 2017
4 2 Watson Farley & Williams EXPERIENCE SNAPSHOT FINANCING SHARE PURCHASE AGREEMENTS SHAREHOLDER AGREEMENTS PPA CONNECTION/ OFTO CONSTRUCTION DEVELOPMENT/ DUE DILIGENCE UK BELGIUM Barrow Beatrice Burbo Bank Gunfleet Sands 1, 2 & 3 Gwynt-y-Mor Lincs London Array Ormonde SeaEnergy Thanet Walney 1 & 2 / Walney Extension West of Duddon Sands Westermost Rough Belwind I Thornton Bank I, II & III DENMARK Rodsand FRANCE GERMANY Courseulles Fécamp Le Tréport Ile d Yeu Noirmoutier Albatros Atlantis I III Baltic 2 Borkum West II 2nd phase Butendiek Deutsche Bucht Dolwin 3 Global Tech 1 Global Tech 2 Gode Wind I Gode Wind II Gode Wind III Meerwind Sud/Ost Nordergrunde Veja Mate TAIWAN Hai Long USA Cape Wind NRG Bluewater Deepwater Offshore MW
5 OFFSHORE WIND 3 DETAILED EXPERIENCE As demonstrated by the previous table, WFW has extensive experience of advising on offshore wind farm transactions and is at the forefront of the legal and market developments of this fast-evolving industry. Our experience includes representation of investors, lenders and developers, equipping us with insight into the needs of various participants and phases of wind farm development and management. BELGIUM BELWIND I Advising as borrower s counsel to Belwind N.V. on the arrangements for the 600m financing, construction and operation of the 165 MW first phase of the Bligh Bank offshore wind farm, comprising 55 3 MW wind turbine generators to be located 47 KM off the Belgian coast near Zee. THORNTON BANK I, II AND III Advising a group of seven commercial lenders (ASN Bank, Commerzbank, Dexia, KBC, KfW Ipex-Bank, Rabobank and Société Générale), two ECAs (Euler Hermes and Export Kredit Fonden) and The European Investment Bank on the 869m financing of the second and third phases of C-Power s offshore wind farm Thornton Bank. FRANCE OFFSHORE WIND TENDERS Advising the German developer wpd offshore member of a winning consortium comprising Energies Nouvelles and DONG Energy (DONG), on the first and second French offshore wind farm tender (3,000 MW and 1,000 MW respectively) organised by the French authorities, including drafting and negotiating contractual documentation. OFFSHORE CONTRACTOR Advising an offshore contractor on setting up its business in France, including advice on the French tax aspects of the incorporation of its French business as well as the French tax and legal aspects relating to the EPC contracts to be entered into for the first offshore wind farms in France and analysis of the tax aspects for the financing of the jack-up vessel. GERMANY ATLANTIS I, II, III Advising PNE WIND AG on the acquisition of three offshore projects Atlantis I, II and III in the North Sea with a total capacity of 1,200 MW from BARD Engineering GmbH. ALBATROS Advising STRABAG OW EVS GmbH, a joint venture of STRABAG AG and the Norderland group, on the sale of the Albatros offshore wind farm project to EnBW Energie Baden-Württemberg AG. BALTIC 2 Advising PGGM on its proposed acquisition of a majority interest in EnBW Baltic 2 GmbH, the owner of the 288 MW Baltic 2 offshore wind farm project. BORKUM WEST II Advising EWE AG on the formation of a joint venture (with Trianel GmbH and others) for developing and implementing the German 200 MW offshore wind farm Borkum West II Phase 2. Advising a consortium of banks, as lenders, on the up to 723m financing of Trianel s Borkum II wind farm project.
6 4 Watson Farley & Williams BUTENDIEK Advising ewz, Zurich Municipal Electric Utility, on the acquisition of shares in offshore wind farm Butendiek in the German North Sea. Through its subsidiary ewz (Deutschland) GmbH, ewz acquired a 49% share in wpd Butendiek Beteiligungs GmbH, which owns a 10% share in the wind farm s project company. The remaining shareholders of the project company are German project developer wpd AG, the private equity fund Marguerite, CDC Infrastructure, Siemens Financial Services and a group of Danish pension funds. DOLWIN 3 Advising Copenhagen Infrastructure Partners in relation to its joint venture with TenneT Holding B.V. regarding the offshore grid connection DolWin3, which will transmit wind energy from the North Sea to German customers. DEUTSCHE BUCHT Advising a consortium of banks consisting of KfW IPEX-Bank, Natixis, Santander, CIBC, Commerzbank, Helaba, National Bank of Canada, Rabobank, Société Générale and Sumitomo Mitsui Banking Corporation, as lenders on the 988m financing of the Deutsche Bucht offshore wind farm project. The 252 MW offshore wind project is owned by Canadian energy company Northland Power Inc. GLOBAL TECH I + II Advising a 16 strong lending syndicate comprising banks and the EIB on the bn debt package for the 400 MW Global Tech I offshore wind project in the German North Sea. WFW also advised Erste Nordsee-Offshore-Holding GmbH, a joint subsidiary of STRABAG SE and, indirectly, Etanax GmbH, on the legal and tax aspects of its sale of the offshore wind farm project Global Tech II to leading Swedish utility Vattenfall. GODE WIND I III: DIVESTMENT Advising PNE WIND AG on legal and tax matters relating to the sale of Gode Wind I, Gode Wind II and Gode Wind III, one of the largest offshore wind farm project portfolios in Germany, to DONG Energy Wind Power A/S. MEERWIND SÜD/OST Advising the commercial lenders (KfW- IPEX Bank, Dexia, Commerzbank, Santander, Lloyds Banking Group, Siemens Bank and Bank of Tokyo- Mitsubishi) on the financing of the German offshore wind energy project Meerwind with a total investment of 1.2bn. This financing won several awards. We were directly involved in the negotiation of project documents, since the borrower had not instructed own counsel. We remained involved in the project after financial close and the construction has been completed recently. NORDERGRUNDE Advising NIBC Bank N.V. as lead arranger of a project financing for the 110 MW offshore wind farm Nordergründe. PORTFOLIO SALE Advising PNE WIND AG on its sale of 80% of the shares in its 142 MW wind farm portfolio to a fund managed by Allianz Global Investors GmbH, with a total enterprise value exceeding 330m. VERY STRONG IN RENEWABLE ENERGY, PARTICULARLY IN THE OFFSHORE SECTOR. LEGAL 500 EMEA 2017 VEJA MATE Advising the lenders on the project financing of the 400 MW Veja Mate offshore wind farm in the North Sea with total investment of 1.8bn. UK BARROW Advising DONG and Centrica on the sale of the offshore transmission assets including preparation of VDD.
7 OFFSHORE WIND 5 BEATRICE Advising Copenhagen Infrastructure Partners on the acquisition of a 25% stake in the offshore wind farm. BURBO BANK EXTENSION Advising DONG on its sale of a 50% stake in the 258 MW Burbo Bank Extension UK offshore wind farm project to Danish pension provider PKA and KIRKBI A/S, parent company of the LEGO Group. Advising DONG on its O&M arrangement and construction agreement. GUNFLEET SANDS I AND II Advising DONG (then Energi E2) on the original acquisition from GE (around 2006). Advising on development activities including property, connection and regulatory. Advising on the sale of the offshore transmission assets. Advising on the sale of a 49.9% interest in Gunfleet Sands to Marubeni. GWYNT-Y-MOR Advising Siemens Project Ventures on its acquisition of a minority interest in RWE s Gwynt-y-Mor offshore wind farm. LINCS OFFSHORE WIND FARM Advising DONG and Siemens Project Ventures jointly on the acquisition of the 50% stake in Lincs, the two-tiered shareholder structure, full due diligence and related matters, advice on the share call option for DONG only. Advising DONG Naturgas on its PPA and related second ranking security. Advising DONG as a co-lender. Advising DONG on the reorganisation of its Lincs offshore wind farm joint venture following the decision of partners Centrica and Siemens Project Ventures to sell their respective 50% and 25% stakes in the Lincs project. DONG retains its 25% stake in Lincs. LONDON ARRAY Advising DONG in its role as participant since around 2006, including: Conversion to an unincorporated joint venture jointly on behalf of E.ON on the buy-out of Shell. The various amendments to the JOA and related documents on the original introduction to Masdar as a direct participant and the current negotiations on the JOA and JOA Direct Agreement as part of Masdar s financing of its minority interest. Advising on development consent issues associated with the implementation of London Array Phase 2 offshore wind farm. Advising on its O&M arrangements with LAL. Advising on the 644m sale of a 25% stake in the project to a special purpose vehicle owned and controlled by Caisse de dépôt et placement du Québec. ORMONDE Advising Eclipse Energy on the disposal of its interest in the 150 MW Ormonde offshore wind project. Originally we were engaged on a part disposal of a 50% equity stake in the project and advised on contracting strategies required to accommodate limited resource financing for the construction of the project. Advising Vattenfall in relation to the Agreement for Lease and Lease entered into with the Crown Estate Commissioners, for the wind farm. Advising on the sale of offshore transmission assets to Transmission Capital Partners. THANET Advising on the sale of the offshore transmission assets of Thanet 300 MW Offshore Wind Farm to Balfour Beatty. WESTERMOST ROUGH Advising DONG on environmental mitigation measures required to secure development for Westermost Rough offshore wind farm. Advising on the sale of transmission assets to TC Westermost Rough OFTO Ltd, owned by a consortium comprising Transmission Capital Partners LP and International Public Partnerships Ltd.
8 6 Watson Farley & Williams FANTASTIC AT OFFSHORE WIND BRINGS A WEALTH OF EXPERIENCE TO M&A TRANSACTIONS AND FINANCINGS IN THE SECTOR. CHAMBERS UK 2018 WALNEY Advising DONG on its sale to Scottish and Southern Energy Plc of a 25.1% equity stake in the 376 Walney offshore wind farm. Advising on the follow on sell down of a 24.8% ( 1bn) to funds PGGM/Ampere Equity, which included preparation of detailed VDD, advice on joint venture, project construction and servicing and future power off-take arrangements. Advising in relation to the surrender and regrant of leases with the Crown Estate Commissioners and on development consent issues in relation to the OFTO process. Advising on the sale of the transmission system assets relating to the Walney 1 and the Walney 2 offshore wind farm project to Blue Transmission Walney 1 Ltd and Blue Transmission Walney 2 Ltd respectively. WALNEY EXTENSION Advising institutional investors on a 1.3bn investment-grade bond in relation to the acquisition by leading Danish pension funds PKA and PFA of a 50% stake in 659MW Walney Extension offshore wind farm from Ørsted (formerly DONG Energy). The deal is valued at 2bn, of which 1.3bn is being funded through the issuance of the bond. Our role included advising on financing, construction, operations and maintenance and power purchase arrangements, advising in relation to EKF as credit support provider of senior facilities, acting for RBS, Barclays and MUFG as lenders in relation to OFTO facilities and as interest rate hedge providers, and for Goldman Sachs international and Citibank as CPI revenue hedge providers. WEST OF DUDDON SANDS Advising DONG on its JV arrangements with Iberdrola for their joint venture in relation to the West of Duddon Sands Offshore wind farm. We were involved in structuring the transfer of rights into a UJV structure following the buy-out of Eurus and the variation of the London Array UJV structure to accommodate lessons learnt by DONG on LAL. Advising on the sale of the offshore transmission assets relating to the project to WoDS Transmission Plc. Also assisting with the preparation of vessel supply framework contracts for DONG in respect of this project, among others, including preparation and negotiation of the O&M. TAIWAN HAI LONG Advising Enterprize Energy on the development of the Hai Long offshore windfarm project in the Taiwan Strait with Northland Power, the Canadian renewable energy company. The wind farm has a potential installed capacity exceeding 500MW. MARINE ENGINEERING AND CONSTRUCTION COMPANY Advising a leading international marine engineering and construction company for its bid to provide the EPC solution for the foundations and array cables in respect of a 128MW offshore wind farm project in Taiwan. USA COPENHAGEN INFRASTRUCTURE PARTNERS Advising Copenhagen Infrastructure Partners on the acquisition, on behalf of its Copenhagen Infrastructure II fund, of 100% of OffshoreMW LLC from leading US private equity firm Blackstone. OffshoreMW holds a 675 KM 2 offshore wind energy lease issued by the US Bureau of Ocean Energy Management and located off the coast of Massachusetts, north eastern USA. CAPE WIND Advising Cape Wind Associates and Copenhagen Infrastructure Partners (CIP) in relation to Cape Wind's 420 MW offshore wind farm project in the USA. NRG BLUEWATER Advising NRG on joint venture arrangements, contracting strategy and EPCM contracts in relation to the Bluewater wind farm in the USA.
9 PROACTIVE AND CLIENT- ORIENTED TEAM. LEGAL 500 EMEA 2017
10 8 Watson Farley & Williams REPUTATION "WE FIND THEM TO BE VERY EFFECTIVE, VERY EFFICIENT AND THEY GET STUFF DONE" CHAMBERS UK 2017 "THEY ARE INCREDIBLY STRONG IN THE WIND MARKET." CHAMBERS UK 2017 VERY STRONG IN RENEWABLE ENERGY, PARTICULARLY IN THE OFFSHORE SECTOR. LEGAL 500 EMEA 2017 MAINTAINS A STRONG TRACK RECORD IN THE RENEWABLES SPACE. LEGAL 500 UK HANDLES BIG-TICKET M&A AND FINANCINGS IN THE OFFSHORE WIND SPACE... CHAMBERS UK 2016 FANTASTIC AT OFFSHORE WIND BRINGS A WEALTH OF EXPERIENCE TO M&A TRANSACTIONS AND FINANCINGS IN THE SECTOR. CHAMBERS UK 2018 HIGHLY COMMERCIAL AND PROVIDES VALUABLE INPUT TO THE CLIENT BOTH ON DUE DILIGENCE AND COMMERCIAL NEGOTIATIONS. CHAMBERS UK 2018 GREAT FOR RENEWABLES WORK. CHAMBERS UK 2016 MARKET-LEADING FIRM WHICH DRAWS ON ITS INTERNATIONAL PRESENCE TO PROVIDE OUTSTANDING SERVICES TO CLIENTS IN THE ENERGY SECTOR. CHAMBERS EUROPE 2016 ACTIVE ACROSS A BROAD RANGE OF RENEWABLE ENERGY WORK WITH AN ENVIABLE REPUTATION IN OFFSHORE WIND DEVELOPMENT. CHAMBERS UK 2018 HIGHLY RESPECTED FOR WORK IN THE RENEWABLES SPACE, TAKING A LEADING ROLE IN THE MARKET ON WIND FARM DEVELOPMENT, FINANCING AND TRANSACTIONAL WORK. EQUALLY ABLE TO REPRESENT DEVELOPERS AND LENDERS. CHAMBERS UK 2016 DISTINGUISHED ENERGY PRACTICE WITH AN EXCELLENT TRACK RECORD IN LEADING RENEWABLES FINANCINGS AND TRANSACTIONS. CHAMBERS EUROPE 2016
11 OFFSHORE WIND 9 OUR OFFICES Athens Frankfurt Madrid Paris 6 th Floor, Building B 348 Syngrou Avenue Kallithea , Athens T: Ulmenstraße Frankfurt am Main T: C/ María de Molina, Madrid T: avenue Victor Hugo Paris T: Bangkok Unit 902, 9 th Floor GPF Witthayu Tower B 93/1 Wireless Road Patumwan, Bangkok Hamburg Neuer Wall Hamburg T: Milan Piazza del Carmine Milan T: Rome Piazza Navona Rome T: T: Hong Kong Munich Singapore Dubai Unit 1, Level 25, Tower 2 Al Fattan Currency House PO Box Dubai Suites , Jardine House 1 Connaught Place, Hong Kong T: Gewürzmühlstraße 11 Courtyard Munich T: Battery Road #28-00 Singapore T: T: London New York 15 Appold Street London EC2A 2HB 250 West 55th Street New York, New York T: T:
12 ATHENS BANGKOK DUBAI FRANKFURT HAMBURG HONG KONG LONDON MADRID MILAN MUNICH NEW YORK PARIS ROME SINGAPORE Publication code number: v1 Watson Farley & Williams 2018 All references to Watson Farley & Williams, WFW and the firm in this document mean Watson Farley & Williams LLP and/or its Affiliated Entities. Any reference to a partner means a member of Watson Farley & Williams LLP, or a member or partner in an Affiliated Entity, or an employee or consultant with equivalent standing and qualification. The transactions and matters referred to in this document represent the experience of our lawyers. This publication is produced by Watson Farley & Williams. It provides a summary of the legal issues, but is not intended to give specific legal advice. The situation described may not apply to your circumstances. If you require advice or have questions or comments on its subject, please speak to your usual contact at Watson Farley & Williams. This publication constitutes attorney advertising. wfw.com
MARINE MONEY, BUSAN 2017 TOPICAL LEGAL ISSUES GOH MEI LIN PARTNER WATSON FARLEY & WILLIAMS, SINGAPORE 1 NOVEMBER 2017
MARINE MONEY, BUSAN 2017 TOPICAL LEGAL ISSUES GOH MEI LIN PARTNER WATSON FARLEY & WILLIAMS, SINGAPORE 1 NOVEMBER 2017 Global Shipping Topical Legal Issues (1) Change of Control Who does it apply to and
More informationPORTFOLIO SALE OR PORTFOLIO RESOLUTION which is the best option for shipping NPLs
PORTFOLIO SALE OR PORTFOLIO RESOLUTION which is the best option for shipping NPLs How Big is the Market? Slide 2 Factors driving a Lender s decision to sell Seller s perspective Regulatory pressures, capital
More informationKEY FACTS 140+ PARTNERS WORLDWIDE FOUNDED IN UK OFFICES WORLDWIDE IN ITALY SINCE PARTNERS IN ITALY 2 OFFICES IN ITALY (MILAN AND ROME)
ITALY KEY FACTS FOUNDED IN UK 1982 IN ITALY SINCE 2002 140+ PARTNERS WORLDWIDE 7 PARTNERS IN ITALY 14 OFFICES WORLDWIDE 2 OFFICES IN ITALY (MILAN AND ROME) 550+ LAWYERS WORLDWIDE 30+ LAWYERS IN ITALY 11
More informationM A R I T I M E D I S P U T E S
MARITIME DISPUTES WATSON FARLEY & WILLIAMS LLP DEMONSTRATES A MASTERY OF ALL AREAS OF SHIPPING DISPUTES WORK. LEGAL 500 UK 2016 KEY FACTS 150 PARTNERS ESTABLISHED 1982 14 OFFICES 500+ LAWYERS 11 JURISDICTIONS
More informationCompetition Law in Germany
Competition Law in Germany Finance & investment Maritime Energy Natural resources Transport Real estate ICT Corporate Finance Tax Dispute resolution Employment Regulatory London New York Paris Hamburg
More informationRESTRUCTURING AS A BUSINESS & INVESTMENT OPPORTUNITY
RESTRUCTURING AS A BUSINESS & INVESTMENT OPPORTUNITY GEORGE PALEOKRASSAS 9 FEBRUARY 2017 Current landscape Depressed shipping markets Depleting cash reserves Traditional ship mortgage banks exiting or
More informationREORGANISATION, RESTRUCTURING AND WORKOUTS
REORGANISATION, RESTRUCTURING AND WORKOUTS WATSON FARLEY & WILLIAMS: KEY FACTS +140 PARTNERS ESTABLISHED 1982 14 OFFICES +550 LAWYERS 11 COUNTRIES +20 LANGUAGES SPOKEN Reorganisation, Restructuring and
More information15 TH ANNUAL GERMAN SHIP FINANCE FORUM
15 TH ANNUAL GERMAN SHIP FINANCE FORUM GERMAN SHIP FINANCING BANKS: CHALLENGES, SOLUTIONS & PORTFOLIO SALES 25 TH FEBRUARY 2016 Panellists Isaiah Toback Director Castlelake Christoph Geck-Schlich CIO Offen
More informationRECENT AMENDMENTS TO DEBT RESTRUCTURING AND BANKRUPTCY PROCEEDINGS Furio Samela, Partner Watson Farley & Williams Shipping and the Law 2015
RECENT AMENDMENTS TO DEBT RESTRUCTURING AND BANKRUPTCY PROCEEDINGS Furio Samela, Partner Watson Farley & Williams Shipping and the Law 2015 Urgent measures on, inter alia, Italian bankruptcy law New rules
More informationOVER 30 YEARS SPECIALIST MARITIME EXPERIENCE
MARITIME Esteemed name in shipping... Noted for its depth of expertise. Chambers Europe 2014 KEY FACTS THE LARGEST DEDICATED SHIP FINANCE PRACTICE IN THE WORLD OVER 30 YEARS SPECIALIST MARITIME EXPERIENCE
More informationDONG Energy Wind Power NORWEA Finance Seminar Oslo 30 th -31 st January 2013
DONG Energy Wind Power NORWEA Finance Seminar Oslo 30 th -31 st January 2013 Long-term vision: To supply reliable energy without CO 2 TODAY'S PRODUCTION FUTURE PRODUCTION 85% 15% 15% 85% DONG Energy has
More information"THEY'RE RECOGNISED AS HIGHLY REPUTABLE EXPERTS IN THE ENERGY SECTOR, WITH LOTS OF EXPERIENCE, HIGH PRAGMATISM AND COMMERCIAL UNDERSTANDING.
POWER REPUTATION EXTREMELY KNOWLEDGEABLE, EFFICIENT AND ALWAYS FOCUSED ON WHAT WAS IN THE BEST COMMERCIAL INTEREST OF US, AS THEIR CLIENT." CHAMBERS EUROPE 2017 "THEY'RE RECOGNISED AS HIGHLY REPUTABLE
More informationEXTREMELY HARD- WORKING, PROACTIVE, RESPONSIVE TEAM - WE WERE QUITE IMPRESSED WITH THE WAY THEY HANDLED THE FILES. CHAMBERS GLOBAL 2015
BRAZIL REPUTATION NOMINATED: LAW FIRM OF THE YEAR 2014 (KANZLEI DES JAHRES). PRIVATE EQUITY FIRM OF THE YEAR 2014 (KANZLEI DES JAHRES FÜR PRIVATE EQUITY & VENTURE CAPITAL). JUVE AWARDS 2014 EXTREMELY HARD-
More information5 Killer Apps of Offshore Wind Prosperity
Southeast Coastal Wind Conference, 11 th September 2013 GL Garrad Hassan A Decade of Offshore Wind Experience Huge Potential How do we get there? 10 GW by 2020? 54 GW by 2030? 5 GW installed * * Inspired
More information[ M A R C O M E S I N A ]
Protocollo itea dd. 25/06/2018 - N.0014563 [ M A R C O M E S I N A ] CV L A S T U P D A T E D [ 20/ 06/ 2 0 1 8 ] CONTENTS WEBSITE CV/GENERAL CV (ENGLISH) LAST UPDATED [20/06/2018] 3 WEBSITE CV/GENERAL
More informationFinancier s Perspective On Project Finance For R3 Construction And O&M
Financier s Perspective On Project Finance For R3 Construction And O&M Windpower monthly Vessels and Access forum 14 May 2014 Matthew Taylor Financing offshore wind Table of contents Topics and key messages:
More informationOffshore wind finance 2016 update
Offshore wind finance 2016 update Energy Talk London, 8 December 2016 Project finance forum for offshore wind farms Table of contents 1. Green Giraffe 2. Evolution of the equity market 3. Evolution of
More informationEXECUTIVE SUMMARY INTERVIEWEES
EXECUTIVE SUMMARY Welcome to Renewables Infrastructure Investment in Europe 2016, a new market report produced by Clean Energy Pipeline. This report includes data and insight on clean energy project finance
More informationC O M M O D I T Y D I S P U T E S
COMMODITY DISPUTES WATSON FARLEY & WILLIAMS: KEY FACTS 140+ PARTNERS FOUNDED 1982 14 OFFICES 500+ LAWYERS 11 JURISDICTIONS 20+ LANGUAGES SPOKEN COMMODITY DISPUTES 3 OUR COMMODITY DISPUTES PRACTICE With
More informationFinancing large scale deployment of deep water wind farms
Financing large scale deployment of deep water wind farms Presentation to the Deep Water Wind Farms Seminar 24/09/2013 Matthew Taylor GGEB the offshore wind finance specialists We have an unparalleled
More informationFULL YEAR RESULTS 2015
FULL YEAR RESULTS 2015 PETER BERDOWSKI, CEO HANS KAMPS, CFO AMSTERDAM 9 MARCH 2016 1 INDEX 01 HIGHLIGHTS 02 SEGMENT RESULTS 03 BALANCE SHEET 04 OUTLOOK 05 FEHMARNBELT 06 OFFSHORE WIND MARKET 2 STRONG RESULT
More informationTidal financing Lessons from offshore wind
Tidal financing Lessons from offshore wind Ocean Energy Europe - 22 November 2016 Clément Weber A specialist advisory boutique focused on renewable energy We get deals done Deep roots in renewable energy
More informationDebt Capital Markets. wfw.com. Finance & investment. Transport Real estate ICT. Maritime Energy Natural resources
Debt Capital Markets Finance & investment Maritime Energy Natural resources Transport Real estate ICT Corporate Finance Tax Dispute resolution Employment Regulatory London New York Paris Hamburg Munich
More informationTHE ROLE OF ENERGY COMPANIES IN THE ENERGY TRANSITION LATEST INSIGHTS IN COST REDUCTIONS
THE ROLE OF ENERGY COMPANIES IN THE ENERGY TRANSITION LATEST INSIGHTS IN COST REDUCTIONS October 2016 EUFORES Copenhagen Martin Neubert Chief Strategy Officer DONG Energy Wind Power Green transformation
More informationEuropean Wind Investment European Wind Investment 2017 Project Finance and M&A
European Wind Investment 2017 Project Finance and M&A Forward-thinking international law firm Advising clients in the world s most dynamic industries Taylor Wessing is a full-service international law
More informationWATSON FARLEY & WILLIAMS: KEY FACTS
LONDON WATSON FARLEY & WILLIAMS: KEY FACTS 130+ PARTNERS ESTABLISHED 1982 14 OFFICES OVER 400 LAWYERS 11 COUNTRIES OVER 20 LANGUAGES SPOKEN LONDON 2 OUR LONDON OFFICE The firm s first office opened in
More informationUK s Offshore Transmission Regime:
UK s Offshore Transmission Regime: A case study for financing a low carbon future Stephanie McGregor Director Offshore Transmission June 2011 Today s presentation 1. Big picture 2. The OFTO 3. Making the
More informationReducing the cost of. risk improvement measures. ..an insurer s approach. There ain't no mountain high enough, Ain't no valley low enough,
2nd Spanish Wind Power Congress Madrid;June 28th 2016 0 There ain't no mountain high enough, Reducing the cost of Ain't no valley low enough, Ain't offshore no river wide wind enough by sharing To keep
More informationSA.39723, SA.39724, SA.39725, SA.39726, SA.39731, SA.39732, SA.39733, SA.39735, SA.39738, SA.39739, SA.39741, SA (2014/N); SA.
EUROPEAN COMMISSION Brussels, 16.04.2015 C (2015) 2580 final In the published version of this decision, some information has been omitted, pursuant to articles 24 and 25 of Council Regulation (EC) No 659/1999
More informationCORPORATE PPAs Husum Warm Up, 12. September Dr. Malte Jordan
CORPORATE PPAs Husum Warm Up, 12. September 2017 Dr. Malte Jordan What is a Corporate PPA? Power Purchase Agreement Between independent generator and corporate offtaker Distinguish from utility PPA Typically
More informationTWB II Municipal offshore wind financing. May 2017
TWB II Municipal offshore wind financing May 2017 TWB II Municipal offshore wind financing Table of contents 1. Who we are 2. Project overview 3. Equity story 4. Debt raising 5. Timeline 6. Take-aways
More informationOur Structured and Asset Finance practice. allenovery.com
Our Structured and Asset Finance practice Our Structured and Asset Finance practice Our Structured and Asset Finance practice in Germany Our German structured and asset finance (SAF) practice is recognised
More informationShow me the Money. Rabobank International. Marc Schmitz Rabobank December 20 th 2011
Show me the Money Rabobank International Marc Schmitz Rabobank December 20 th 2011 -How viable is the offshore wind sector? The history of onshore and offshore wind Onshore wind Started in 1985 with first
More informationPensions De-risking Group
Pensions De-risking Group The team is able to provide top-level service in M&A insurance transactions given its deep knowledge of the insurance industry s legal and regulatory framework. CHAMBERS UK 2018,
More informationPinsent Masons in Spain
Pinsent Masons in Spain Pinsent Masons in Spain Pinsent Masons is a sector focussed global law firm. Our strategy is to invest in geographies that connect our clients to where they want to do business.
More informationFinance Briefing. May 2012
Finance Briefing May 2012 Contents Introduction 01 1. Possible Outcomes of the 02 Eurozone Crisis 2. What are the Options for a 02 Withdrawal and How Might it Happen? 3. Existing Loan Agreements The 03
More informationCableRisk Joint Industry Project MARSH GERMANY 19 th of February Hamburg Dr. Jan Rögener Lutz Weidtke
CableRisk Joint Industry Project GERMANY 19 th of February 2013 Hamburg Dr. Jan Rögener Lutz Weidtke Offshore Experience 1 Hamburg Offshore Experience List 4500 In 2008 we started with Zero. Baltic 1 (Broker
More informationAN UPDATE ON RENEWABLE ENERGY IN IRAN
BRIEFING AN UPDATE ON RENEWABLE ENERGY IN IRAN APRIL 2018 POTENTIAL REMAINS HIGH FIRST INITIATIVES LAUNCHED TO OVERCOME CHALLENGES PPA ISSUES MUST BE TOP PRIORITY FOR IRANIAN POLICYMAKERS TO ENABLE LARGE
More informationE C A T R A N S A C T I O N S
ECA TRANSACTIONS WATSON FARLEY & WILLIAMS: KEY FACTS 140+ PARTNERS FOUNDED 1982 14 OFFICES 450+ LAWYERS 11 COUNTRIES 20+ LANGUAGES SPOKEN ECA TRANSACTIONS 3 OUR WORK ON ECA TRANSACTIONS Watson Farley &
More informationShipowning and Operating
Shipowning and Operating Finance & investment Maritime Energy Natural resources Transport Real estate ICT Corporate Finance Tax Dispute resolution Employment Regulatory London New York Paris Hamburg Munich
More informationOFFSHORE WIND REFERENCES
OFFSHORE WIND REFERENCES OFFSHORE WIND PROJECTS We helped to realise over 8 GW of offshore wind projects United Kingdom Galloper - 340 MW Sheringham Shoal - 315 MW The Netherlands Borssele 1&2-700 MW Borssele
More informationInvesting in Belgian offshore wind: a comprehensive overview of associated risks. Offshore wind risk analysis provided for Zeewind 1 fund June 2014
Investing in Belgian offshore wind: a comprehensive overview of associated risks Offshore wind risk analysis provided for Zeewind 1 fund 2 1. Zeewind 1 investment fund Meewind is an investment manager
More informationMobilising institutional investment in offshore wind
Mobilising institutional investment in offshore wind Gavin Templeton, Head of Sustainable Finance June 2017 Offshore wind specialist with a proven track record In four years, GIB has deployed 2,261m of
More informationIntroduction to Green Giraffe. March 2017
Introduction to Green Giraffe March 2017 A specialist advisory boutique focused on renewable energy We get deals done Deep roots in renewable energy finance Launched in 2010 by experienced finance specialists
More informationMAXIMISING OFFSHORE W I N D E X P O R T S
MAXIMISING OFFSHORE W I N D E X P O R T S www.dongenergy.co.uk Introduction to DONG Energy DONG Energy is the global leader in the development, construction and operation of offshore wind farms. The UK
More informationCONTENTS TOTAL NEW CLEAN ENERGY INVESTMENT 3 PROJECT / ASSET FINANCE 10 MERGERS & ACQUISITIONS 18 VENTURE CAPITAL & PRIVATE EQUITY 29
CONTENTS TOTAL NEW CLEAN ENERGY INVESTMENT 3 PROJECT / ASSET FINANCE 10 MERGERS & ACQUISITIONS 18 VENTURE CAPITAL & PRIVATE EQUITY 29 PUBLIC MARKETS 34 GREEN BONDS 40 ABOUT CLEAN ENERGY PIPELINE 48 CONTACTS
More informationVirksomhedsdag DDF. 12 June, 2013
Virksomhedsdag DDF 12 June, 2013 Disclaimer Certain statements in this presentation are based on the beliefs of our management as well as assumptions made by and information currently available to the
More informationFINANCIALS MONTHS RESULTS. 7 November 2011
FINANCIALS 211 9 MONTHS RESULTS 7 November 211 Disclaimer Certain statements in this presentation are based on the beliefs of our management as well as assumptions made by and information currently available
More informationUK offshore wind report
UK offshore wind report 2012 UK Offshore Wind Report 2012 I am pleased The Crown Estate continues to take such a proactive role in the offshore wind industry. The opportunities for the supply chain and
More informationPrivate Investment in Renewable Energy
Private Investment in Renewable Energy Tia S. Barancik June 19, 2013 Attorney Advertising Prior results do not guarantee a similar outcome. Why Invest in Renewable Energy? Legislative and Regulatory Support
More informationMARITIME RESTRUCTURING & INSOLVENCY
MARITIME RESTRUCTURING & INSOLVENCY Esteemed name in shipping...noted for its depth of expertise. Chambers Europe 2014 KEY FACTS THE LARGEST DEDICATED SHIP FINANCE PRACTICE IN THE WORLD OVER 30 YEARS SPECIALIST
More informationPinsent Masons in the UAE
Pinsent Masons in the UAE Pinsent Masons In the UAE Introduction Our UAE office, based in the heart of Dubai s financial district, combines local knowledge with an international experience to advise clients
More informationNet profit Discontinued operations, DKKm. Net profit Continuing operations, DKKm. EBITDA - Continuing operations, DKKbn
DISCLAIMER. Certain statements in this presentation are based on the beliefs of our management as well as assumptions made by and information currently available to the management. Forward-looking statements
More informationOffshore Wind Cost Reduction: Findings of The Crown Estate and the Cost Reduction Taskforce
Offshore Wind Cost Reduction: Findings of The Crown Estate and the Cost Reduction Taskforce BIEE Parker Seminar 10 th October 2012 Richard Howard, Chief Economist richard.howard@thecrownestate.co.uk CONTENTS
More informationSubtittle if needed. If not MONTH Published in Month Financing and investment trends
Subtittle if needed. If not MONTH 2018 Published in Month 2018 Financing and investment trends The European wind industry in 2017 Financing and investment trends The European wind industry in 2017 Published
More informationThe significance of a meshed offshore grid in the North Sea from an energy-economic perspective - The German experience Andreas Wagner
The significance of a meshed offshore grid in the North Sea from an energy-economic perspective - The German experience Andreas Wagner Managing Director Stiftung OFFSHORE-WINDENERGIE German Offshore Wind
More informationFinancing Irish Wind Power New Solutions for a New Era IWEA Autumn Conference Heiko Ludwig Managing Director Nord/LB Structured Finance Europe
Financing Irish Wind Power New Solutions for a New Era IWEA Autumn Conference 2012 Heiko Ludwig Managing Director Nord/LB Structured Finance Europe NORD/LB Group Overview NORD/LB: represented in all important
More informationStormy Weathers in the European Wind Power sector how to keep the pace?
allocate International Management and Executive Search Consultants Stormy Weathers in the European Wind Power sector how to keep the pace? Dr. Jörg Fabri allocate International, Managing Partner Presentation
More informationQ4.14: Cleantech and Renewable Energy Investment Review
: Cleantech and Renewable Energy Investment Review 02 Welcome to Taylor Wessing s analysis of clean energy investment activity in Europe in the fourth quarter of 2014 (). Total investment in Europe s clean
More informationHow to promote the necessary investment in the European energy transition?
How to promote the necessary investment in the European energy transition? Gerd Schräder Regulatory Affairs, RWE Innogy GmbH Energy transition: A multifaceted challenge for Europe 2 nd symposium 11 th
More informationRenewable Energy Auctions: Lessons from Germany, the UK, and the Netherlands. Dominik Huebler Principal
Renewable Energy Auctions: Lessons from Germany, the UK, and the Netherlands Dominik Huebler Principal Strommarkttreffen Berlin, 4 May 2018 Plenty of variation in recent offshore wind auction results Delivery
More informationSOUTH & CENTRAL AMERICA
SOUTH & CENTRAL AMERICA WATSON FARLEY & WILLIAMS: KEY FACTS 140+ PARTNERS FOUNDED 1982 14 OFFICES 500+ LAWYERS 11 JURISDICTIONS 20+ LANGUAGES SPOKEN SOUTH & CENTRAL AMERICA 3 WORKING IN SOUTH & CENTRAL
More informationOffshore wind Options for non-recourse financing. All photos from Gunnar Britse windpowerphotos.com
All photos from Gunnar Britse windpowerphotos.com 1. Some Info on Dexia 2. Offshore wind: prospects and risks 3. Finding solutions: the Q7 and C-Power deals 4. Notable structural features of Q7 and C-Power
More informationWhy choose us? United States.
Why choose us? United States 2 Why choose us? Our New York and Washington, D.C. offices Covering North America from the financial and regulatory hubs of the United States They are very hardworking and
More informationOffshore Wind Market in Europe
Annual Offshore Support Journal Conference Offshore Wind Market in Europe Status Quo and Future Developments Dirk Briese London, 09.02.2017 1 Contents 1. Introduction 2. Politics 3. Offshore Wind Market
More informationPOWER cluster The Northern European competence network for offshore wind energy
POWER cluster competence network Martin Schmidt, windcomm schleswig-holstein POWER cluster Agenda 1. Partner Consortium 2. Project Aims 3. Contents & Innovation 4. Offshore wind energy in Germany POWER
More informationIs the "Energiewende" Still Financially Viable?
Is the "Energiewende" Still Financially Viable? Roman Waleczek Morgan Stanley Bank AG 11 October 2012 What Needs To Be Financed? Example Germany 200-300 Bn Energiewende Equity and Debt Investments Required
More informationCompany announcement No. 28 / 2017
Company announcement No. 28 / 2017 Strong strategic progress and raised outlook for the year Full-year EBITDA outlook raised from DKK 15-17 billion to DKK 17-19 billion Growth in underlying operating profit
More informationOffshore Wind in the UK January, 2010
Offshore Wind in the UK January, 2010 EDPR s debut in offshore wind and UK market Selected in the UK Round 3 to develop 1.3 GW of wind offshore capacity Expanding in size in a new technology and a new
More informationOffshore Wind and Development Opportunities in the South West Robert Thornhill Offshore Development Site Manager
Offshore Wind and Development Opportunities in the South West Robert Thornhill Offshore Development Site Manager Dan Towers 2004 Outline of presentation npower renewables (NRL) who we are? NRL s involvement
More informationNPI.TO. Annual General Meeting. May 23, 2018
NPI.TO Annual General Meeting May 23, 2018 Board Members Recent Additions James C. Temerty Chairman The Right Honourable John N. Turner, Q.C. Linda L. Bertoldi John Brace Marie Bountrogianni Barry Gilmour
More informationMark O Reilly, CEO & Chairman
Mark O Reilly, CEO & Chairman Private not for profit member owned Business Development organisation focused on the Blue Economy Marine, Maritime & Offshore industries We ve been building an Offshore Wind
More informationSubmission by EDPR to The Scottish Parliament Devolution. (Further Powers Committee) on The Crown Estate and Offshore Wind
Submission by EDPR to The Scottish Parliament Devolution (Further Powers Committee) on The Crown Estate and Offshore Wind 1. About EDP Renewables With headquarters in Madrid, EDPR s business consists of
More informationDEVELOPING WIND AND SOLAR POWER IN VIETNAM: KEY ISSUES
BRIEFING DEVELOPING WIND AND SOLAR POWER IN VIETNAM: KEY ISSUES JANUARY 2018 THE GOVERNMENT OF VIETNAM HAS SET A TARGET OF GENERATING 850 MW AND 800 MW OF SOLAR AND WIND POWER RESPECTIVELY BY 2020 THE
More informationGuernsey Office OFFICE DESCRIPTION. PO Box 56 Regency Court Glategny Esplanade St Peter Port Guernsey GY1 1WW Channel Islands
OFFICE DESCRIPTION Guernsey Office PO Box 56 Regency Court Glategny Esplanade St Peter Port Guernsey GY1 1WW Channel Islands T: +44 (0)1481 755 600 F: +44 (0)1481 728 992 E: guernsey@applebyglobal.com
More informationCONTENTS TOTAL NEW CLEAN ENERGY INVESTMENT 3 PROJECT / ASSET FINANCE 10 MERGERS & ACQUISITIONS 18 VENTURE CAPITAL & PRIVATE EQUITY 29
CONTENTS TOTAL NEW CLEAN ENERGY INVESTMENT 3 PROJECT / ASSET FINANCE 10 MERGERS & ACQUISITIONS 18 VENTURE CAPITAL & PRIVATE EQUITY 29 PUBLIC MARKETS 34 GREEN BONDS 40 ABOUT CLEAN ENERGY PIPELINE 48 CONTACTS
More informationMASSACHUSETTS OFFSHORE WIND ENERGY AREA LEASE OPPORTUNITIES
MASSACHUSETTS OFFSHORE WIND ENERGY AREA LEASE OPPORTUNITIES May 1, 017 www.poweradvisoryllc.com To: From: Clients and Colleagues John Dalton, President & Carson Robers, Consultant, Power Advisory LLC On
More informationInvestment and Financing Opportunities in Alternative Energy A Kaye Scholer report in association with Clean Energy Pipeline
Investment and Financing Opportunities in Alternative Energy 2015 A Kaye Scholer report in association with Clean Energy Pipeline Contents 1 2 9 12 14 19 Introduction The Rise of the Yieldco Comparison
More informationSeeing the world from your perspective
Seeing the world from your perspective BIGGER PICTURE OFFSHORE LAW SPECIALISTS BRITISH VIRGIN ISLANDS CAYMAN ISLANDS GUERNSEY JERSEY CAPE TOWN HONG KONG LONDON SINGAPORE 1 / careyolsen.com Contents OUR
More informationEUROPEAN FOCUS ALLOW US TO SHARPEN YOUR VIEW. An Introduction to European Valuations. Newmark Knight Frank Global
EUROPEAN FOCUS ALLOW US TO SHARPEN YOUR VIEW An Introduction to European Valuations Newmark Knight Frank Global The Service provided Our European Valuations team has an excellent track record in implementing
More informationFirst Offshore Windfarm Project in India (FOWPI) with EU-backing
First Offshore Windfarm Project in India (FOWPI) with EU-backing Presentation at FOWPI Metocean Workshop 2 June 2017 Per Vølund, COWI 1 The Project is funded by The European Union Agenda 1. Offshore Wind
More informationINFRASTRUCTURE DAY CONFERENCE
INFRASTRUCTURE DAY CONFERENCE October 19, 2017 www.infrastructures.cib.natixis.com ABOUT NATIXIS Natixis is the international corporate and investment banking, asset management, insurance and financial
More informationFOCUS ON EDF EN Analyst Group Lunch Meeting - 6 July 2017
FOCUS ON EDF EN Analyst Group Lunch Meeting - 6 July 2017 Antoine Cahuzac - Group Senior Executive VP of Renewable Energies and CEO of EDF Énergies Nouvelles Bruno Fyot COO of EDF EN Denis Rouhier CFO
More informationPrivate Funds. A leading global private funds practice. Gus Black. David A. Vaughan. Key Contacts. Partner London
Private Funds Key Contacts Gus Black Partner London +44 20 7184 7380 David A. Vaughan Partner New York +1 212 698 3540 A leading global private funds practice Dechert advises private fund sponsors on all
More informationINTERIM FINANCIAL REPORT FIRST NINE MONTHS 2013
INTERIM FINANCIAL REPORT FIRST NINE MONTHS 2013 Moving Energy Forward 23 October 2013 Disclaimer Certain statements in this presentation are based on the beliefs of our management as well as assumptions
More informationPensions Group. Employment & Benefits.
Pensions Group Employment & Benefits www.allenovery.com 2 Pensions Group Employment & Benefits Highly regarded team of pensions specialists with notable strength in handling the full range of pensions
More informationIn Brief July The fundamental principle of Pictet s approach to business: a combination of great boldness and great caution.
In Brief In Brief July 2017 The fundamental principle of Pictet s approach to business: a combination of great boldness and great caution. Jacques de Saussure, Former Senior Partner 1 Message from the
More informationOctober MYTHS ABOUT FRANCE
October 2007 10 MYTHS ABOUT FRANCE Myth N 1:«Once a world power, France is now on the decline.» Reality: World s 6 th largest economic power at the heart of a 493 million strong consumer market in 2006
More informationThe development of offshore wind - The case of Denmark
9 February 2017 The development of offshore wind - The case of Denmark Camilla Holbech, Deputy Manager Danish Wind Industry Association Zooming in on the Danish wind industry More than 30,000 employees
More informationSolid growth in operating earnings and strengthened strategic platform Highlights Q3 2018
1 November 2018 DISCLAIMER This presentation contains certain forward-looking statements, including but not limited to, the statements and expectations contained in the Financial Outlook section of this
More informationNorth Seas Energy Clusters
North Seas Energy Clusters Scoping paper INTRODUCTION The Political Declaration on energy cooperation between North Seas Countries, signed on 6 June 2016, set up a three-year work programme, based on voluntary
More informationREAL ESTATE INVESTMENT IN GERMANY
BRIEFING REAL ESTATE INVESTMENT IN GERMANY JULY 2018 THE TAXATION OF REAL ESTATE ASSETS HAS A MAJOR IMPACT ON INVESTMENT AS GERMANY IS MORE HEAVILY TAXED THAN OTHER EUROPEAN JURISTDICTIONS A NEW VALUATION
More informationGrey areas in the spotlight Update on Investment Regulations Non-public companies
Grey areas in the spotlight Update on Investment Regulations Non-public companies Phong Nguyen, Senior Associate 24 October 2013 Corporate / Vietnam Contents Private placement of shares / bonds Official
More informationCompany announcement No. 18/2017
Company announcement No. 18/2017 Good start to 2017, which supports the expectations for the year Operating profit (EBITDA) totalled DKK 3.3 billion. Underlying EBITDA decreased by 19% as a result of higher
More informationGunnar Groebler Head of Business Area Wind. Vattenfall Capital Markets Day, Solna, 19 September 2016
Gunnar Groebler Head of Business Area Wind Vattenfall Capital Markets Day, Solna, 19 September 2016 FACTS AND FIGURES BA WIND Business Area Wind, which is responsible for Vattenfall s wind power operations,
More informationCommerzbank AG Export & Agency Finance. GM-C Brand Management Frankfurt am Main/März 2016
Commerzbank AG Export & Agency Finance GM-C Brand Management Frankfurt am Main/März 2016 0 Commerzbank at a Glance Commerzbank was founded as Commerz- und Discontobank in Hamburg in 1870 Commerzbank s
More informationNEUBERGER BERMAN Environmental, Social and Governance Policy
NEUBERGER BERMAN Environmental, Social and Governance Policy SEPTEMBER 2017 OUR FIRM Founded in 1939, Neuberger Berman is a private, 100% independent, employee-owned investment manager. From offices in
More informationGlobal Property. Allianz Global Corporate & Specialty. Global Property. Tailor-made solutions for international property insurance
Allianz Global Corporate & Specialty Global Property Tailor-made solutions for international property insurance 1 Allianz Global Corporate & Specialty is the Allianz center of excellence for global insurance
More informationThe Future of Offshore Wind Energy
The Future of Offshore Wind Energy The National Academies Roundtable on Science and Technology for Sustainability June 27, 2012 Washington, DC Doug Pfeister, Senior Vice President Offshore Wind Development
More informationCertified Expert in Climate & Renewable Energy Finance. Module 7: Renewable Energy Finance and the Role of Project Finance
Certified Expert in Climate & Renewable Energy Finance Module 7: Renewable Energy Finance and the Role of Project Finance 2014 Frankfurt School of Finance & Management The content of this LinkEd e-learning
More information